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South Korea and Japan Seal New Consultative Mechanism, Reaffirm Denuclearization at Busan Summit

The meetings established ongoing channels for policy coordination intended to persist beyond Shigeru Ishiba’s tenure.

Overview

  • Lee Jae Myung and outgoing Prime Minister Shigeru Ishiba issued a joint document creating consultative groups to address low birth rates, aging societies, regional revitalization, agriculture, disaster prevention and suicide prevention.
  • The two governments agreed that relevant ministries will hold regular talks through diplomatic channels to coordinate policies and share best practices, with foreign ministries overseeing the process.
  • Both leaders reaffirmed a firm commitment to the complete denuclearization of the Korean Peninsula and lasting peace, with Lee seeking Japan’s cooperation on his peninsula trust-building approach.
  • They also agreed to closer coordination in a shifting global trade order and signaled cooperation on new areas, including an Arctic shipping route and renewed science and technology exchanges.
  • The Busan summit capped three meetings in under 100 days, restored leader-level shuttle diplomacy, marked the first Japanese prime ministerial visit outside Seoul in 21 years, and served as Ishiba’s final overseas trip before his party selects a successor on Oct. 4.